Malaysia's national carmaker Proton has secured 1.88 billion ringgit ($455....
FILE PHOTO: A Proton logo on a car at a Proton showroom in Puchong, Malaysia October 3, 2016. REUTERS/Edgar Su
The loans are earmarked for Proton’s growth plans to be the number one automotive brand in Malaysia and number three in ASEAN by 2027, the company said. In August, Zhejiang Geely Holding Group Co Ltd which owns 49.9 percent of Proton, had agreed to extend its existing partnership with the carmaker to upgrade its line-up of cars and help expand Proton’s presence in China and other international markets.
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